The question for WSJ propaganda is, when did the Chinese government don't 'tolerate' Bitcoin?

10:04 am November 23, 2013

Paul wrote:

The bigger question is why is China Stopping it's purchase of US Bonds, while telling it's people on State TV all about Bitcoin, they did this many times over the past 6 months.

The Chinese play the long game and they know what is coming as the Helicopter drops of EQ continue into the future!

As I write this Bitcoins are trading in China at 855.12

4:28 pm November 23, 2013

Ken wrote:

@ Paul

The near threat to China is when the QE stops and their long bond values crash. Wasn't it reported that they were converting to short term instruments ?

6:37 pm November 23, 2013

Don't forget to cash in wrote:

Bitcoin:

* An American invention, most likely.
* The pseudonymous creator chose a Japanese name.
* The real creator is unknown, could be NSA, Google, Apple, random computer geek.
* Millions of currency units are in the hands of unknown actors, a large amount probably belong to the creator(s). These guys would become immensely powerful if BTC became mainstream.
* Most of the early mining was done by Americans.
* A currency useful for money laundering (among other purposes).

This doesn't exactly sound like something the Chinese government is likely to like. If they are going to allow digital currency to spread in China, then they will set up their own version (easy enough as BTC is open source), as they have done with credit cards, Facebook, Twitter, ....

While the US government MIGHT try to shut BTC down, the Chinese government without any doubt WILL. Don't forget to cash in before the news break...

Anonymous, sooner or later BTC is going to be dumped by the wider public for a better, fairer digital currency. BTC is not suitable for widespread adoption because too many currency units are in the hands of unknown actors and early birds. If we are all going to use digital currency, we need a new system that allows everyone to benefit, not only transfer power to mining specialists and the creators. (Mining profitably already has become next to impossible for private persons, sooner or later big corporations would enter with processing power higher by orders of magnitude - this is not a "people's currency", it is an evil.) However, when that happens, BTC is going to be worthless. Therefore, governments all over the world should act fast, because the greater the BTC bubble becomes, the more livelihoods will be destroyed in the end.

1:43 am November 24, 2013

Where? wrote:

Where are the bitcoiners today? No lessons about how we understand nothing and bitcoin is the future?

9:30 am November 24, 2013

Anonymous wrote:

sina fools had been already ended !
sina is a bunch of the swinders.
don-xi has all out of tricks.

4:59 pm November 24, 2013

Bitcoins to replace the yuan as a reserve currency? wrote:

I think this is totally funny! The Chinese government wants the yuan to become a reserve currency but continues to restrict the yuan's use in China!

It seems now the Chinese people are now speculating on bitcoins, as the Chicoms can't place controls on the use of bitcoins as they have with the yuan!

So here's my question? If the Chinese people would rather use bitcoins as a new exciting currency, then what does that say about China's yuan becoming a world reserve currency?

Hey Xi, go buy more US T-bonds.

3:02 am November 25, 2013

dapengzhanchijiuwanli wrote:

Many Bitcoint buyers are Chinese middle-aged ladies which are called "DaMa". In recent years, they play active roles in many investment fields such as golden, and some people say these Chinese DaMa affect the golden's price.

8:57 am November 25, 2013

The real scoop wrote:

Bitcoins can be used to illegally convert RMB into dollars. Buy Bitcoins with RMB, use them to buy dollars outside of China.

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